Estate And Tax Planning Law Firm
As we make our way through the first part of the holiday season, many of us are reminded that as much as we love our families, they can be complicated. Even in the most harmonious of clans, disagreements can arise or a crisis can strike, causing the dynamics to alter....
Some readers may already be familiar with a law known as FACTA, short for the Foreign Account Tax Compliance Act. FACTA is an anti-tax evasion law in the United States that impacts foreign transactions and is one that requires cooperation from other countries on...
Estate taxes and tax issues are a big part of planning and creating a will and or a set of trusts and other types of transfers. Taxes are often at the top of someone’s mind when they consider how to pass along assets to the next generation because there is a natural...
As we have discussed in previous blog posts, this summer's Supreme Court ruling that allows same-sex marriages to be recognized by the federal government has had a big impact on couples in California. Since same-sex marriage is legal here, couples who choose to marry...
Making an estate plan is a complex process that can sometimes take quite a while, from the time that you lay out all your assets to the final process of executing a will properly in front of witnesses, months can pass. For people who are experiencing a serious illness...
For most California readers, the Internal Revenue Service (IRS) works in mysterious ways. That is to say that sometimes even the most careful taxpayers can be surprised by an audit or a request for documentation from the IRS in a tax evasion or fraud matter if the IRS...
After this summer's landmark Supreme Court decision striking down the Defense of Marriage Act, many same-sex married couples in California celebrated the ability to be recognized as married under federal law. One of the big impacts of this change is in the area of tax...
As the government shutdown continues, many Californians who have pending business with the government have been left with a lot of questions. For those currently involved in a tax dispute or an audit, figuring out what to do next in light of the shutdown can be...
A lot of California readers probably don't realize that there was a time in the United States when there was no federal income tax. The first instance of an income tax was during the Civil War when the government needed more revenue to continue fighting. That was a...
Data from the 2012 fiscal year shows that there may be some relationship between the reduced budget for the Internal Revenue Service and the percentage of tax returns that are audited each year. Between the 2010 and 2012 fiscal years, the IRS suffered from a three...
